Returns Breakdown
| Return On Tangible Assets | (3.64) | |
| Return On Capital Employed | 1.43 | |
| Return On Assets | (3.64) | |
| Return On Equity | 1.79 |
Are Assure (USA Stocks:IONM) investors starting to hold back?
 | By Rifka Kats | Macroaxis Story |
Assure Holdings Corp, currently valued at $0.41 per share, appears overvalued considering its modest future projections. Approximately 17.0% of the company's shares are owned by insiders, including officers, directors, and relatives of the leadership team, as well as those privy to non-public information. For a comprehensive analysis of Assure, including its current ownership structure, refer to our latest ownership diagnostics.
Major Takeaways
Assure Holdings Corp. (IONM) is showing promising signs for investors looking for growth potential in the healthcare equipment industry. Despite a relatively high standard deviation of 10.67, indicating a higher level of risk, the company's low PEG Ratio of 0.19 suggests that it may be undervalued given its earnings growth outlook. Moreover, the company has shown a positive Jensen Alpha of 1.33, indicating that it has produced a higher-than-expected return given its exposure to market risk. Lastly, with a low quote of $0.43, investors may find this stock an attractive option for portfolio diversification within the medical care facilities industry.Macroaxis uses a strict editorial review process to publish stories and blog posts. Our publishers support our company and may receive a small commission when the partner links or references are utilized. Commissions do not affect the opinions or evaluations of our editorial team. The information our editors and media partners deliver is confidential and licensed for your sole use as a Macroaxis user. We reserve all rights to the content of this article, and therefore copying or distributing this story in whole or in part is strictly prohibited.
Reviewed by Ellen Johnson
The healthcare sector is often seen as a safe haven in turbulent times, and Assure Holdings Corp. (NASDAQ: IONM) is no exception. This medical care facilities company, with a market valuation of $0.43 billion, has been making waves in the industry. Despite a typical day price of $0.44, which is below its 52-week high of $1.22, the company's PEG ratio of 0.1939 suggests that it is undervalued. This is further supported by the company's valuation real value of $0.41, which is slightly below its current price.
Analysts are bullish on Assure Holdings, with one strong buy recommendation and a Wall Street target price of $4, significantly higher than the current price. The highest estimated target price is even more optimistic at $4.44. This suggests a possible upside price of $10.93, a substantial increase from the current level.
However, investors should be aware of the risks. The company has a beta of 1.648, indicating higher volatility than the market. Additionally, there are 57.6K shares short, although this represents only 0.0066% of the total shares. The short ratio of 0.13 suggests that short sellers do not currently pose a significant threat.
In conclusion, Assure Holdings Corp. presents a promising investment opportunity in the healthcare sector. The company's strong fundamentals and positive analyst sentiment suggest potential for significant capital appreciation. However, as always, investors should conduct their own due diligence before making investment decisions. Currently, Assure Holdings Corp's Return on Invested Capital (ROIC) is remarkably stable compared to the previous year. As of May 14, 2024, the Days Payables Outstanding is projected to increase to 1,070, while the Price-to-Book (Ptb) Ratio is expected to decrease to 0.07. This analysis aims to evaluate our current position on Assure for investors contemplating a short position. However, we will also discuss why investors may still consider investing in Assure Holdings.
There are currently many different techniques concerning forecasting the market as a whole as well as predicting future values of individual securities such as Assure Holdings Corp. Regardless of method or technology, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Predictive Modules for Assure Holdings
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Assure Holdings' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Watch out for price decline
Please consider monitoring Assure Holdings on a daily basis if you are holding a position in it. Assure Holdings is trading at a penny-stock level, and the possibility of delisting is much higher compared to other stocks. However, just because the stock is trading under one dollar, does not mean it will be marked for deletion. Most exchanges require public instruments, such as Assure Holdings stock to be traded above the $1 level to remain listed. If Assure Holdings stock price falls below $1 for 30 consecutive trading days, the exchange can delist it. Once the company reaches this point, they will be sent an initial price violation notice directly from an exchange.
How important is Assure Holdings's Liquidity
Assure Holdings financial leverage refers to using borrowed capital as a funding source to finance Assure Holdings Corp ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Assure Holdings financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Assure Holdings' owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Assure Holdings' financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between Assure Holdings's total debt and its cash.
Assure Holdings Gross Profit
Assure Holdings Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Assure Holdings previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Assure Holdings Gross Profit growth over the last 10 years. Please check Assure Holdings' gross profit and other fundamental indicators for more details.
Breaking it down a bit more
The recent price roll up of Assure Holdings Corp may raise some interest from investors. The stock closed today at a share price of 0.43 on very low momentum in trading volume. The company executives may have good odds in positioning the firm resources to exploit market volatility in June. The stock standard deviation of daily returns for 90 days investing horizon is currently 10.58. The very high volatility is mostly attributed to the latest market swings and not very good earnings reports from some of the Assure Holdings partners.
As the old adage goes, 'buy low, sell high', Assure Holdings Corp. (USA Stocks: IONM) seems to be setting the stage for potential gains. Despite a rocky period, the company's current ratio stands at a robust 6.62X, suggesting a strong ability to meet short-term obligations. Furthermore, with a PEG ratio of 0.19, the stock appears undervalued given its earnings growth rate. However, investors should note the high probability of bankruptcy at 96.00%, indicating significant risk. Despite this, Wall Street's target price of $4 suggests a potential upside of nearly 800% from the current price, indicating that the reward may well outweigh the risk for adventurous investors..
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